No Trillion Dollar Deposit

As one of my church jobs, this morning I counted and readied for banking the money we received in church offerings yesterday. It didn’t take long. Later in the day, a business man came by the church office, and the conversation turned to how God has blessed him with lots of work, even during these days of economic crisis. He spoke of cash flow challenges that commonly arise, even in a prospering business, and when he casually mentioned an amount that would float during a month, I was aghast, snickered a bit, walked around the desk and read aloud the amount of today’s deposit for the church. It was funny.

Though it startled me, the figure the businessman spoke of today was not a trillion dollars; I assure you it definitely was not. But every day I hear that amount referenced on the radio, gaze at the strange word on my computer screen and see the rare figure slated in black newsprint. A trillion dollars! Do you know how much a trillion dollars is? I can hardly wrap my mind around such a number, nor grasp its gorged significance.

How about 2, 3 or 4 trillion…how about $9.7 trillion? How about it? Some have calculated the stimulus package the U. S. Congress is completing would raise the government’s involvement in the financial crisis to such an amount; nearly ten trillion dollars.

The $9.7 trillion in pledges would be enough to send a $1,430 check to every man, woman and child alive in the world. It’s 13 times what the U.S. has spent so far on wars in Iraq and Afghanistan, according to Congressional Budget Office data, and is almost enough to pay off every home mortgage loan in the U.S., calculated at $10.5 trillion by the Federal Reserve.

Source: Mark Pittman and Bob Ivry at Bloomberg.com

I don’t get it. Just don’t understand why we must spend that amount of money. But then, what do I know? I know this, though; it will be a long time before our church deposit slip will need anywhere near the string of zeros that’s required to designate 10,000,000,000,000 dollars!

7 thoughts on “No Trillion Dollar Deposit

  1. Over here in Australia our governmenrtr has just approved a stimulus package as well that includes indivudual checques for every household with school age children – too bad if you don’t have kids or they are too young for school or have left school.

    I think most Australians would quite willingly forego their checques in order to support the families and individual saffected by the Victorian fires

    I’m sure it is true that your fellow citizens are eager to help those who have suffered such loss. My heart truly goes out to those whose have been ravaged by that horrendous fire. Am I understanding correctly? The thinking is that many of them were set by arsonists.

    We’ve had devastating fires in the San Bernardino mountains where our main home is, and some of them also were intentionally set. People were so angry at those accused of arson; rightly so.

    Your stimulus package: What was the rationale for including only households with school-age children?

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  2. Yes!
    We, or at least most of us will get that wonderful (?) stimulus check. GREAT! Uncle Sam will give me a dollar in one hand and ask for two out of the other hand.
    NOT GOOD!

    Mervi

    I’ve lost track a bit: Are individual stimulus checks part of this package? How much?

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  3. Sister Buxton:
    Where is the United States going to get all of that money from, from the nations they have been borrowing from? I t is my understand that the United States ha ben giving money to Iraq. Where are we gettin that from, from the nations we are borrowing from? President Obama said in his news conference last night that these countries are going to get tired of lending us money.
    Brother Webb

    I believe we are in great debt to China, and yes, there may come a day when we can borrow no more.

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  4. Sis. Buxton,

    Talk about no future relief for our children, grandchildren and great grandchildren. This is truly a horrible thing that our government is doing to the future generations of this nation. I was listening to a talk show host late Sunday night that mentioned how at that given moment Jesus Christ was born 1 billion minutes ago. Then think about a trillion and how many years that adds up to.

    The other sad part, that not too many people are paying attention to, or are aware of, is all of the freedoms that are being threatened by different items in the stimulus packages. People need to do their research.

    Well, Anna, that stimulus package just passed the senate. They’ll no doubt come up with a plan that is agreeable with most of the House…and it will be passed.

    I too am concerned about everything that is in the package, and with Obama’s rush to get it passed–sounds almost as though he is using scare tactics to get it passed. It’s a massive document–hundreds of pages. How can it possibly be studied and understood in mere days?

    You know what, though, Anna. God is in control: Let there be no doubt.

    Love you….

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  5. dean

    While the pols are debating this package… I notice very little or no mention whatsoever, of how it is going to be repaid. We allready owe foreign countries more than we will ever be able to repay. My grand kids children will still be paying the interest on this package.
    Sad for the working man, great for mis-managed companies.

    Dean, it is such an enormous problem. I wish I understood economics more than I do. I’m really just lost with it. It especially puzzles me that this financial crisis is not only in the United States, but widely felt all over the world.

    And yes, our grandchildren will be paying.

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